Neste

44,58EUR −1,89 %
18 570 investerare följer bolaget.

Neste är ett tillverkningsbolag. Bolaget producerar trafikbränsle och förnybara drivmedel. Idag innehas störst verksamhet och utvinning inom den nordiska marknaden, där bolaget är verksamma inom hela värdekedjan, från utvinning till leverans mot hamndepåer. För övrigt ges möjligheten till direktförsäljning där kunderna kan hämta bränsle på utvalda stationer. Störst marknad återfinns inom Norden, och bolagets huvudkontor ligger i Esbo.

P/E (23e)
15,3
EV/EBIT (23e)
13,03
P/B (23e)
3,65
Direktavkastnings- % (23e)
3,27 %
Riktkurs
50.00 EUR
Rekommendation
Minska
Uppdaterad
8.2.2023
NASDAQ Helsinki
NESTE
Dagens lägsta / högsta pris
44,3 / 44,95 EUR
Börsvärde
34,29 md EUR
Omsättning
3,86 mn EUR
Volym
87 tn
Risk och rekommendation
HögRiskLåg
SäljRekommendationKöp

Analyst

Finansiell kalender

Extra utdelning
2023-03-29
Halvårsdividend
2023-03-29
Delårsrapport
2023-04-28
Delårsrapport
2023-07-27
Halvårsdividend
2023-09-28

Forum updates

Stay up-to-date with the latest talk about Neste
mb.cision.com 1832965.pdf 739.71 KB
Isa Hudd
förra månaden💙 1

Income statement

20192020202120222023e2024e2025e2026e
Revenue15 839,9011 752,0015 148,0025 707,4026 623,9024 158,0023 883,0025 784,60
growth-%6,18 %−25,81 %28,90 %69,71 %3,57 %−9,26 %−1,14 %7,96 %
EBITDA2 731,401 508,102 607,003 047,303 430,103 612,143 708,744 095,12
EBIT (adj.)1 961,101 416,101 342,002 898,002 748,102 843,342 894,323 269,64
EBIT2 229,40828,102 023,002 409,002 748,102 843,342 894,323 269,64
Profit before taxes2 066,60786,801 962,002 278,002 633,102 747,772 834,753 230,22
Net income1 788,20712,401 771,401 887,002 238,142 278,652 350,842 679,08
EPS (adj.)1,981,611,433,022,912,973,063,49
growth-%32,59 %−18,80 %−10,87 %110,44 %−3,36 %1,81 %3,17 %13,96 %
Dividend1,020,800,821,521,461,501,551,74
Dividend ratio43,79 %86,23 %35,55 %61,87 %50,00 %50,56 %50,64 %50,00 %

Profitability and return on capital

20192020202120222023e2024e2025e2026e
EBITDA-%17,24 %12,83 %17,21 %11,85 %12,88 %14,95 %15,53 %15,88 %
EBIT-% (adj.)12,38 %12,05 %8,86 %11,27 %10,32 %11,77 %12,12 %12,68 %
EBIT-%14,07 %7,05 %13,35 %9,37 %10,32 %11,77 %12,12 %12,68 %
ROE33,91 %12,03 %27,45 %24,66 %25,27 %22,85 %21,08 %21,44 %
ROI34,29 %11,46 %25,34 %24,49 %23,92 %23,46 %22,84 %23,54 %

Valuation

20192020202120222023e2024e2025e2026e
Share price (EUR)31,0259,1643,3643,0244,5844,5844,5844,58
Shares767,68767,84767,97768,08768,08768,08768,08768,08
Market cap23 813,5645 425,2433 299,1433 042,9334 241,1434 241,1434 241,1434 241,14
Enterprise value23 642,0645 181,0433 475,1434 386,9335 820,3734 923,2833 813,5232 303,17
EV/S1,493,842,211,341,351,451,421,25
EV/EBITDA8,6629,9612,8411,2810,449,679,127,89
EV/EBIT (adj.)12,0631,9124,9411,8713,0312,2811,689,88
EV/EBIT10,6054,5616,5514,2713,0312,2811,689,88
P/E (adj.)15,6736,8030,2614,2715,3015,0314,5712,78
P/E13,3263,7618,8017,5115,3015,0314,5712,78
P/B4,027,674,773,973,653,242,912,59
P/S1,503,872,201,291,291,421,431,33
Dividend yield3,29 %1,35 %1,89 %3,53 %3,27 %3,36 %3,48 %3,91 %
Equity ratio60,48 %60,42 %56,65 %56,34 %58,25 %65,95 %69,46 %71,06 %
Gearing ratio−2,89 %−4,12 %2,52 %16,14 %16,80 %6,46 %−3,64 %−14,63 %

Quarter data

Q1/22Q2/22Q3/22Q4/222022Q1/23eQ2/23eQ3/23eQ4/23e
Revenue5 522,707 039,306 583,006 562,4025 707,406 476,086 497,006 849,006 801,88
EBITDA915,40927,00455,60749,303 047,30961,03846,02820,57802,49
EBIT762,00769,40289,00588,602 409,00798,03673,02647,57629,49
Profit before taxes735,30749,60230,50562,602 278,00773,03643,02617,57599,49
Net income638,00599,41135,99513,601 887,00657,07546,57524,93509,56
Publisher
Aktieanalys

Neste: Margins remain impressive

The Q4 result reported by Neste yesterday was a smidgen better than our expectations, which was due to Renewable Products’ sales margin. This, as well as Oil Product margins that remained strong, were reflected positively in our 2023 estimates, but we...

2023-02-09 av Petri Gostowski
Publisher
Video

Neste Q4’22: Renewables rock!

Neste is closing the books for 2022 with strong performance in every segment. The growth strategy in the renewable segment continued according to plan, the oil products showed historically high margins. A juicy dividend proposed. Analyst Petri Gostowski comments.

2023-02-08 av Isa Hudd, Petri Gostowski
Publisher
Aktieanalys

Neste: The joy of refining

The Q3 result reported by Neste yesterday exceeded expectations considerably. The earnings overshoot was the result of a clearly higher than expected performance in Oil Products while the result of Renewable Products was below expectations. We believe...

2022-10-28 av Petri Gostowski
Publisher
Video

Neste Q3'22: Oil Products Exceeding Expectations

Neste Q3'22: Oil Products exceeding expectations, renewables ramping up

2022-10-27 av Isa Hudd
Publisher
Aktieanalys

Neste: Oil Products benefit from high margins

We have raised our short-term estimates to reflect the strong margin outlook for Oil Products and expect another excellent result in Q3. In addition to the short-term outlook, we will also focus our attention on possible comments on the ramp-up of production at the US joint venture and on the progress of the finalization of the Singapore expansion.

2022-10-25 av Petri Gostowski
Publisher
Artikel

The euro is crawling to the dollar, but surprisingly many companies benefit from it

The euro fell below parity with the dollar in August and has also remained there. Since the beginning of the year, the common currency has already slipped over 15 % to the dollar, but has strengthened to other European currencies, such as the Swedish...

2022-10-05 av Marianne Palmu
Publisher
Video

Neste: Aiming High with Renewables

Where others talk about transformation, Neste shows how it is done. Originally founded with the purpose to secure Finland’s oil supply in the year of 1948 - today the world’s leading producer of sustainable aviation fuel and renewable diesel, among other...

2022-08-12
Publisher
Aktieanalys

Neste: A staggering result

Q2 figures reported by Neste were even stronger than our high expectations, when in addition to Oil Products that benefited from the market disruption, the performance of Renewable Products was also high. We raised our short-term estimates, and also ...

2022-07-29 av Petri Gostowski
Publisher
Aktieanalys

Neste: Margins in Oil Products at record levels

We have increased our short-term earnings estimates particularly for the Oil Products segment, reflecting the favorable market situation. However, we haven’t made any changes to our longer-term forecasts, as we don’t expect the sharp rise in the refining margin to be sustainable in the long run.

2022-06-21 av Petri Gostowski
Publisher
Aktieanalys

Neste: Making new records after new records

Neste's Q1 figures reported on Friday were strong as expected and the company's short-term outlook also seem to meet our expectations.

2022-05-02 av Petri Gostowski
Publisher
Aktieanalys

Neste: California dreaming

Neste announced an investment that strengthens the long-term growth outlook and market position of the Renewable Products segment on the global market for renewable products. The investment raises the medium-term earnings growth of the segment to an ...

2022-03-03 av Petri Gostowski